U.S. stocks suffered a sharp selloff Monday, erasing over $1 trillion in market value as investors reacted to renewed pressure on the Federal Reserve from President Donald Trump. Fundstrat’s Tom Lee compared the day’s loss to the entire annual U.S. trade deficit, urging the White House to finalize trade deals swiftly. Trump criticized Fed Chair Jerome Powell as “Mr. Too Late” and called for immediate rate cuts, claiming “virtually no inflation.” Nearly 98% of S&P 500 stocks traded lower.
